Remote Towers Market
Remote Towers Market is projected to grow from USD 0.6 Billion by 2030, at a CAGR of 19.6% from 2020 to 2030.
In addition, the global remote tower market is expected to rise at a CAGR of 30.51%, with a significant value over the estimated forecasting year of 2020-2029.
A remote tower is an advanced cost-effective concept where the air traffic services are carried out from a location other than the airport. Remote towers involve airborne ground-based functions to ensure safe, economic, and efficient air traffic management. A complete remote tower system consists of airport equipment, remote tower modules, and network solutions. Technologies used for remote towers involve several parameters, such as high-definition cameras, surveillance meteorological sensors, which provide tower staff with additional information compared to traditional towers. With the help of Remote Towers Market Share, air traffic service can access complete view from an assembly of fixed and moveable high-definition digital video cameras situated at the remotely controlled aerodrome.
Fixed cameras provide the main display and any necessary supplementary ones such as ramp close-ups. Similarly, moveable cameras are also placed, which can be directed as required from the RTS position, replicating how binoculars might be used in a conventional tower. Due to the coronavirus pandemic, the major airports globally have been non-operational, which has delayed the ongoing up-gradation of airports with remote tower market systems. An increase in domestic international airports and a focus on increasing efficiency safety of air traffic management are major factors driving the multiple remote towers market. However, limited network infrastructure and cyber security concerns in air traffic management can hamper the growth of the multiple remote towers market. On the contrary, digitalization in air traffic management and modernization of current air traffic management infrastructure is expected to contribute further to the growth of the global multiple remote towers market in future.
Key Players
Following is Remote Towers Market Players
- Saab AB (Sweden)
- Frequentis Group (Austria)
- Thales Group (France)
- Indra Sistemas, S.A. (Spain)
- Raytheon Technologies Corporation (US)
- L3Harris Technologies, Inc. (US)
- Northrop Grumman Corporation (US)
- Lockheed Martin Corporation (US)
- Searidge Technologies (Canada)
- Leonardo S.p.A. (Italy)
Other Prominent Players
- KONGSBERG (Norway)
- Avinor AS (Norway)
- NATS Limited (UK)
- SkySoft-ATM – Route de Pré-Bois (Switzerland)
- Systems Interface Ltd. (UK)
- ACAMS (Norway)
- ADB SAFEGATE (US)
Market Segmentation:
The global Remote Tower Market Trends has been segmented into operation, application and regional sectors. In the operation section, the global market has been classified into three parts: single, multiple, and contingency. The application section divides the global market into four parts: communication, information control, flight data handling, and surveillance. According to the regional basis, the remote tower market is divided into five parts: Asia-Pacific, Europe, South America, North America, and the Middle East Africa.
Regional Analysis:
Currently, North America is the largest for air traffic control because many airports in the United States and Canada have installed new ATC equipment for air traffic management. However, the Asia-Pacific region is projected to be the fastest-growing market over the forecast period. Factors, such as increasing air travel in the area due to reductions in airfares and the growth in the number of people who could afford air travel, focus on free and fair-trade agreements, implementation of stringent aviation safety regulations, and airport infrastructure developments, have been driving the growth of the market in the region.
Airports have staff to operate all aircraft's arrival, departure, and ground movement. However, such conventional towers stress the financial capabilities of airports, especially small airports. At the same time, multiple remote tower technology is an effective solution for such airports to improve their profits and may also prevent them from being closed. Additionally, multiple remote tower technology improves security and keeps the staff at a safe, secure, protected location. Moreover, remote tower market can control the operations of multiple airfields and thus helps in cost savings. Hence, such advanced features of multiple remote towers contribute to increasing the safety efficiency of air traffic systems, thereby driving the growth of the global remote tower market.
Industrial News:
The growth in air traffic has been the primary growth driver for the remote tower market. The increase is currently more in the Asia-Pacific region, where the number of passengers who travel by air has been continually increasing. An increase in the number of airports in emerging economies and the need for efficient airspace management have forced airports and airlines to invest in air traffic control technologies.
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